Gemini cryptocurrency exchange is an excellent choice for beginners and even advanced users. This platform is user-friendly with high security and a good customer support center. It is a good platform for crypto investing or trading. It is available to users in all 50 states of the USA, whereas most cryptocurrency exchanges are limited to selected states. Gemini offers over 100 cryptocurrencies to its users. More than 20 crypto-to-crypto trading pairs are offered in Gemini’s ActiveTrader platform. Gemini has a highly-rated app for both iOS and Android.
What Makes Gemini a Good Option?
- Available in all 50 states
Gemini is available in all 50 U.S. states, unlike many other cryptocurrency exchanges.
- Hot wallet insurance
Digital asset insurance covers the hot wallet in Gemini. The user’s assets are stored in the hot wallet protected in case of hacking, fraud transfer, employee theft, or security breach.
- Strong security
This platform focuses a lot on its security. Gemini offers industry-standard security features like two-factor authentication, wallet address whitelisting, and the option to review and approve devices used to log in.
Gemini Cryptocurrency Exchange – Drawbacks
- Limited Cryptocurrencies Options
This platform offers fewer cryptocurrencies available to buy, sell, and trade than the other cryptocurrency exchange.
- High Trading Fees
Gemini’s trading fees are comparatively high, especially if the user trades a small amount of cryptocurrency.
Gemini Cryptocurrency Exchange – Features
- Peer-to-peer Trading
Gemini clearing portal offers direct trading between buyers and sellers.
- Two Platforms
It has two free platforms. The basic platform is a straightforward, user-friendly interface to purchase cryptocurrency based on the total value of cryptocurrency or the total amount of U.S. dollars the user wants to spend.
- Fees
Gemini’s fee structure is a maker/taker fee model. Its fees change depending on the amount traded and the platform used.
Account Management
Gemini users can access their accounts, make deposits, and buy and sell crypto through its online dashboard and mobile apps, available for Android and iOS. Its ActiveTrader platform is also available on both desktop and mobile browsers, so users can make trades at home or on the go.
As a Gemini user, you should prepare for a self-service account experience. While this exchange does have some options for customer support, you’ll be responsible for navigating the platform and learning how it works. It’s worth noting that most crypto exchanges operate similarly, relying on users to do their due diligence and manage their accounts primarily on their own.